Course Detail

Fall, spring. 3 credits. Letter grades only.

Prerequisite or corequisite: HADM 6200. Co-meets with HADM 4230 in spring. Undergrad students must enroll in HADM 4230.

Faculty teaching this course:

Focuses on real estate financing for hospitality-oriented projects. The following topics are addressed: methods of measuring rates of return; feasibility and appraisal processes; equity and debt financing vehicles to include joint ventures, limited partnerships, construction mortgages, participating, convertible and seller-financed mortgages; forms of operating agreements to include management contracts, leases, and franchises; and trends in international hotel franchising. Presentation of hospitality industry real estate practitioners will tie course material to current industry practices.